Lutheran Homes Society (LHS) recently announced that it is anticipating finishing Phase II at the Covenant Harbor senior housing community in Oak Harbor, Ohio near the of 2009. When construction is complete, 24 new one-bedroom, independent living apartments will be available for low-income seniors age 62 and older. The HUD-subsidized project is being constructed next [...]
Health Care REIT, Inc. (NYSE:HCN) announced operating results for the company’s second quarter ended June 30, 2009 that reflected the company earning $.80 per share from normalized Funds From Operations (FFO). Additional highlights from the second quarter include: Some highlights from the 2nd Quarter Reported 2Q09 normalized FAD of $0.76 per share Completed 2Q09 net [...]
TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR), which develops, manages and owns faith-based senior living facilities, announced the execution of a funding agreement earlier this week with a national lender for the development of a new senior living facility in the Houston, Texas metropolitan area. Funding for Trinity Woods, an 82-unit, $10 million senior [...]
Classic Residence by Hyatt has introduced a new lifestyle program designed specifically to stimulate residents’ social, emotional, and intellectual wellness by encouraging them to celebrate the experiences and innovations of the Greatest Generation. The program, “The American Century,” which was rolled out at multiple Classic Residence by Hyatt retirement communities this spring, invites both independent [...]
Nationwide Health Properties, Inc. (NYSE: NHP) announced its second quarter 2009 results last week and showed earnings of .78 per share versus $2.07 for the same period in 2008. The company did not have the same kinds of gains on sale in 2009 as it did during 2008 and NHP lowered the high end of [...]
As developers tout their green practices in every area of construction, J.S. Hovnanian & Sons, a New Jersey based home builder, is taking a more pragmatic approach to marketing its 55+ community as environmentally friendly. As part of these efforts, J.S. Hovnanian & Sons has recently received the National Association of Home Builders (NAHB) Green [...]
Senior Living Investment Brokerage, Inc. recently announced the $4.1 million dollar sale of a 39 unit Assisted Living Facility located in Edmond, Oklahoma. The sale of the one-story facility was to Legend Senior Living of Wichita, Kansas. Legend was looking to acquire a facility outside of its three senior housing facilities located in the Oklahoma [...]
Sun Healthcare Group, Inc. (NASDAQ GS: SUNH) last week announced results for the second quarter of 2009 that showed the company having growth in revenues but provided a cautious out look as the company remains focused on cost controls and lower occupancy rates. Total net revenue for the quarter ended June 30, 2009, was $468.9 [...]
Home-care agencies are one of the fastest growing segments in an otherwise miserable economic environment and some Senators are voicing concerns of whether home-care workers should be entitled to overtime and minimum-wage protection. In a letter to U.S. Department of Labor (DOL) Secretary Hilda Solis, a group of 15 senators led by Senator Tom Harkin [...]
